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Effective model risk management and model validation in banking

Abrigo

Best practices for assessing models and managing risk Sound model development, implementation, use, and validation is especially important as CECL models debut. . What are model risk management and model validation? SR 11-7, issued by the Federal Reserve and OCC in 2011, is the supervisory guidance on model risk management.

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Former Managing Director At Deutsche Bank Joins SWIFT 

PYMNTS

David Watson, the former managing director and head of cash management for Deutsche Bank in the Americas, as well as the head of global digital cash products, has joined SWIFT as the new strategic relationship director in North America, according to a release. He has also been a member of TCH’s Company Board since 2017.

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Own Your Program Management, Own Your Destiny

PYMNTS

Being a program manager isn’t easy. If it’s not holding money or providing a payment network, the program manager does it: AML (anti-money laundering) compliance, KYC (Know Your Customer), fraud mitigation, marketing, privacy, document review, OFAC compliance, reporting and more. Again: It isn’t easy.

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How to develop a robust risk management framework

Bobsguide

This article updates Six stages to a robust operational risk framework, written by Richard Pike in September 2011. It explains how a financial services company can create and implement a stable and manageable framework for risk management. Risk identification. In this section in.

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Bank Managers Tied To AML Investigation In Brazil

PYMNTS

Police in Brazil have raided the residences of managers of Banco do Brasil in connection to their part in a money-laundering scam worth $48 million. Police are looking into accusations that the managers were a part of laundering the money between 2011 and 2014. .

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Meet Ellen Morehouse, Credit Support Manager

MerhantsBanks

Ellen Morehouse joined Merchants Bank in May of 2011. She started as a Credit Analyst and is now Credit Support Manager. Sometimes these titles can sound a little vague. What is it that Credit Support professionals do at a bank? Ellen provides some context. Ellen, can you explain what the Credit Support team does? Sure! […].

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Citi Hits Milestone In Mobile Treasury Management

PYMNTS

The TTS unit, which links multinational corporations to cash management and trade finance solutions, revealed that it has now processed more than $1 trillion worth of transactions through its mobile and tablet solutions, CitiDirect BE Mobile and CitiDirect BD Tablet, since 2011.

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